Espey Mfg. & Electronics Corp. reports first quarter results
Rhea-AI Summary
Espey Mfg. & Electronics Corp (NYSE American: ESP) reported first-quarter fiscal 2026 results for the three months ended September 30, 2025. Net sales were $9,092,876 versus $10,443,218 a year earlier. Net income rose to $2,169,836, or $0.80 basic and $0.76 diluted, compared with $1,598,317, or $0.63 basic and $0.61 diluted, in FY2025 Q1. Backlog increased to approximately $141.1 million from $94.6 million a year earlier. New orders were about $10.5 million versus $7.8 million in the prior-year quarter.
The company cited shipment timing for the year-over-year sales decline and said operational actions improved gross profit and net income.
Positive
- Net income +35.8% YoY to $2.17M
- EPS increased to $0.80 basic and $0.76 diluted
- Backlog +49% YoY to $141.1M
- New orders +34.6% YoY to $10.5M
Negative
- Net sales -12.9% YoY to $9.09M due to shipment timing
News Market Reaction 2 Alerts
On the day this news was published, ESP declined 0.34%, reflecting a mild negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $378K from the company's valuation, bringing the market cap to $111M at that time.
Data tracked by StockTitan Argus on the day of publication.
SARATOGA SPRINGS, N.Y., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Espey Mfg. & Electronics Corp. (NYSE American: ESP) announces results for the first three months of fiscal year 2026.
Net sales for the three months ended September 30, 2025 and 2024 were
The total backlog at September 30, 2025 was approximately
Mr. David O’Neil, President and CEO, commented,
Our team maintained solid execution this period. Despite softer sales, we saw significant improvement in gross profit, backlog levels, and net income results for the quarter. The year-over-year sales decline reflects nothing more than a change in the timing of shipments for the year. Our team continues to focus on finding labor efficiencies, negotiating savings on materials, and effective resource management—efforts that are clearly reflected in the strength of our gross profits. Overall, the progress we made this quarter positions the Company well for the rest of the fiscal year and highlights our ongoing commitment to creating value for our stockholders.
Espey's primary business is the development, design, and production of specialized military and industrial power supplies/transformers. The Company can be found on the internet at www.espey.com.
For further information, contact Ms. Kaitlyn O’Neil at invest@espey.com.
This press release may contain certain statements that are "forward-looking statements" and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company's current expectations or beliefs concerning future events. The matters covered by these statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.
FAQ
What were Espey (ESP) first-quarter fiscal 2026 net sales on Nov 12, 2025?
How much net income did Espey (ESP) report for Q1 fiscal 2026?
What change occurred in Espey's (ESP) backlog as of September 30, 2025?
How did Espey's (ESP) new orders in Q1 FY2026 compare to prior year?
Why did Espey (ESP) report lower sales despite higher net income in Q1 FY2026?
